and that's the point chuck hagel was trying to make. there's not an only way. that doesn't mean it's the only way to do it. >> i've got to leave it there. i think there are so many questions that will come out in these hearings about his positions relative to iran, relative to israel, and relative to budget cutting in the department of defense which i think is going to be a tough one. many thanks, appreciate. as always, tony, please hang tight, we'll be seeing you more of you later this hour. >>> now, let's switch gears and turn to the stock market. coming off last friday's five-year high, the dow and s&p dropped a little bit today. but here's a thought experiment. follow me on this. take washington out of the equation, just take it out, i think you'll see the economy and the market getting better not worse. here now chief equity strategist at ubs. they will make a deal on sequestration. they will not default on u.s. bonds. it's that simple. i said weeks and weeks ago they would extend the tax cuts and they have. if you take that out, is it the economy looking